Bitcoin Unmoved by New Fed Rate
Bitcoin is dipping right now below $110K even though the Federal Reserve has announced a new interest rate cut
Quick overview
- Bitcoin is currently priced at $108,076, experiencing a 3% drop despite a recent Federal Reserve rate cut.
- The cryptocurrency has been trending downward all week, with concerns that whales may trigger a selloff.
- Investors are encouraged to buy the dip, as Bitcoin's popularity suggests a potential price spike in the near future.
- Analysts anticipate an upswing in November, driven by economic stability and investor sentiment.
Bitcoin is stuck at $108,076 (BTC/USD) with a drop of 3% over the last 24 hours even with a new Fed rate cut announced, and that may leave investors wondering what would help it.
Bitcoin (BTC) is dipping after the most recent Federal Reserve interest rate cut announcement. The Fed approved a cut of 25 basis points, but that has not been enough to prompt investors to buy in on Bitcoin at this time.
BTC/USDBecause Bitcoin is still dropping and is now below the critical $110K level, some of the whales may start to get skittish. We could soon see a selloff similar to what happened earlier in the year when whales dropped much for their 2025 BTC purchases. However, because Bitcoin is a high profile digital currency, the lower price may be attractive for investors, and that could lead to a price spike for the coin instead.
Bitcoin’s Downturn
Bitcoin has been trending down all week long, and analysts paying attention to the coin’s movements this year are likely not surprised. The coin has jumped to record highs repeatedly throughout 2025, but after each new record high, the coin goes into a downturn. It has trouble holding onto its gains.
Since the coin is so popular and is traded so often, its price is always moving, sometimes in massive leaps and bounds. When it hits a new high, that becomes a signal to investors to sell off and make their profit. Those who have noticed that Bitcoin rarely stays near a new high for long will expect to see a price drop soon after the most recent record, so they force one to happen by selling off bitcoins and make their money back.
It is not surprising to see Bitcoin at $108K right now. Investors should not be alarmed that the coin ill suddenly bottom out. Instead, they should be buying the dip and anticipating the coin to climb back up to a new record high again in the near future. The next one could happen sometime in November.
It appears that Bitcoin is immune to many outside factors at this point, having been little influenced by announcement of new tariffs or the issuing of a new Fed rate cut. That is not entirely true, though, and Bitcoin does experience some underlying impact from those two factors, but it is more influenced by economic stability. With the stock market performing well and inflation now relatively calm, Biton has an opportunity to climb much higher very soon. We anticipate an upswing in November, and investors should prepare for that.
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